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Montecito from 1/1/15 through 6/19/15 comparing ’15 to ’14 for the Santa Barbara area

Submitted by Gary Woods on Tue, 06/23/2015 - 12:30

In the Montecito Real Estate area of Santa Barbara for the Condo Market the total numbers of properties available through 6/19/15 is 34 compared to 19 last year for a 78% rise and the escrows are up with 7 last year compared to 20 this year for a 185% rise. There were 7 sales last year compared to 17 this year for a 69% rise and the average sales price has gone down from $1,705,643 to $1,557,931 for an 8% decline.

For Home Estates for Montecito Real Estate through 6/19/15 there have been 280 listings compared to 309 last year for a 9% drop and the escrows are down from 104 to 96 for an 7% drop while the sales are down from 92 to 91 for an 1% decline. The average sales price is up however from $3.557 million to $4.49 million for a 26% rise.

For the PUD market in Montecito there has been 3 listings this year compared to 3 last year and there have been 2 escrows compared to 2 last year and there have been 2 sales this year compared to 2 last year and those 2 sales this year had an average sales price of $1,800,000 while the 2 sales last year averaged $1,574,000.